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  • $420,000

    322 Waldo Street, Rumford, ME 04276

    21beds
    5,850sqft
    Multi Family
    Built in 1920
    -- sqft lot
    $412,100 Zestimate®
    $72/sqft
    $1,210 Estimated rent

    Home value

    $412,100

    $391,000 - $433,000

    $1,210/mo

    Zestimate® history
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    What's special

    Well-maintained brick 7-unit multifamily consisting of seven (7) 3-bedroom apartments, all fully occupied and producing consistent cash flow. The larger unit configuration supports strong tenant demand and long-term rental stability. The property benefits from multiple major capital upgrades, including a new roof in 2023, upgraded electrical and service panels, and an installed fire suppression system, enhancing both safety and operational reliability. A large paved parking lot adds convenience for tenants and further strengthens overall functionality. Currently operating at a 13.2% cap rate, this asset offers an attractive combination of strong in-place income and solid physical fundamentals. Well suited for investors seeking a durable, high-performing multifamily property with minimal deferred maintenance.

    Zillow last checked:

    Listing updated:

    Listed by:

    Keller Williams Realty

    Bought with:

    Elevate Maine Realty

    Source: Maine Listings,MLS#: 1646827MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 21
    • Bathrooms: 7
    • Full bathrooms: 7
    Heating
    • Baseboard, Hot Water
    Cooling
    • None
    Features
    • Flooring: Tile, Vinyl, Wood
    • Basement: Interior Entry
    Interior area
    • Total structure area: 5,850
    • Total interior livable area: 5,850 sqft
    • Finished area above ground: 5,850
    • Finished area below ground: 0

    Property

    Features
    • Levels: Multi/Split
    Lot
    • Size: 0.28 Acres
    Details
    • Parcel number: RUMFM113L234
    • Zoning: Res

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Roof: Flat
    Condition
    • Year built: 1920

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Rumford

    Price history

    DateEventPrice
    3/3/2026Sold$420,000$72/sqft
    Source: Maine Listings #1646827 Report a problem
    12/17/2025Pending sale$420,000$72/sqft
    Source: Maine Listings #1646827 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$3,111 +4.8%$187,200 +39.9%
    2023$2,968 $133,800
    2022$2,968 -1.2%$133,800
    2021$3,004 -0.7%$133,800
    2020$3,024 +47.2%$133,800 +98.5%
    2019$2,055 +2.5%$67,391
    2018$2,005 +3.1%$67,391
    2017$1,944 +3%$67,391
    2016$1,887 +2%$67,391
    2015$1,850 +1.9%$67,391
    2014$1,816 +19.8%$67,391
    2011$1,516 $67,391

    Find assessor info on the county website

    Neighborhood: 04276

    Nearby schools

    GreatSchools rating
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    An equal housing lender. NMLS #10287.